Court Guinness resurrects an old column he used to write in which he takes an opinionated and sometimes irreverent view of what he sees in the market
In this issue he looks back at the start of 2020 and looks forward to the rest of the year.
We are now out of the EU. The big issues and potential disruption is to follow. I still think this is the most helmless project I have ever seen and I have seen so many badly run projects in my time.
The last edition of Market Comment was written 2 days before a general election, well this edition did not want to be outdone so comes to you written from a cubicle in the Accident and Emergency department at Warwick Hospital
in the UK! I wonder what will be managed for next edition, the back of a nuclear tank or hopefully somewhere more relaxing like the beach or more likely my desk, we can hope!
We have seen some softening of property and business values this year and I think this may continue. Market Comment is always one of the last things to be written in this magazine. I always try and make sure it is as up to
date as possible and that I can try and predict things going forward.
The smaller end of the deals market is strengthening and I am seeing a growing number of possible sales for the following 12 months in the sub £100k bracket.
The other thing that has amazed me is the number of the more unusual and exotic deals that are doing the rounds.
I was a bit too late or a £14 million pharma company but both an oil rig and a car ferry have crossed my desk and there was a possibility of a requirement or professional footballers to be advertised on these pages!
It has come to the point in retail where I am now so appalled at the state of the sector and its knock on effects that it has almost become comedic. Physical retail needs change and I do not see many people interested in effecting this change and keeping the high street as a vibrant,
Now on to the death of the independent contractor from the 1st of April owing to the stringent reintroduction of IR35. Clients are dumping contractors unless they go on payroll or to umbrella companies and contractors are
hanging up their boots and saying “I quit!” The Trade House is receiving about 100 enquiries a month from independent contractors leaving the sector. Government’s interference in enterprise is to blame. They are interfering
in much the same way with private residential landlords but that is a another story for another day. The removal of Sajid Javid as chancellor means things will probably get even worse for every business in the country.
Let us now move on to the concept of the side hustle.
This is now a serious thing, so much so that I have decided that side hustlers should have their own dedicated section in this magazine. This will grow in future issues. On a serious the concept of the side hustle is one to be
commended and one that is showcasing the creativity and ability of side hustle owners and operators and this is to be commended. I often bang the drum on small business marketing and how poor some of it is but I do have
to credit some of the side hustles I have seen for the effort they have put I to marketing. I do honestly believe that this sector will start to change the rest of the small business sector in terms of marketing.
Lastly on a housekeeping note I shall be running some
“meet the readers events” in 2020 and I would be delighted to see as many of you as possible at these events.
You will also note that I brought forward the publishing of
this issue from March to February 2020. We will publish
every other month now until the end of the year. I am recruiting for staff to help me return to a monthly schedule.
Please note that I am delighted to hear readers views
about this column or any other aspect of this magazine.
I look forward to speaking with you all again on a regular
basis between now and the end of the year.
Happy dealmaking !